South Jersey housing slump continues

From the AP via ABC:

Phila. area home sales fall, housing remains in slump

A report from a real estate brokerage says home sales in the Philadelphia area fell by nine-point-five percent in the first half of the year.

The southern New Jersey suburbs showed the biggest decline, down 13 percent. Northern Delaware is down 11-point-seven percent.

Southeastern Pennsylvania fell by seven-point-five percent. That’s according to all multiple listing service data of existing single-family homes and condominiums compiled by Prudential Fox and Roach in Devon.

Homes in the region also stayed on the market an average of 66 days. That’s up from 52 during the same period last year.

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